Chase Sapphire Preferred Credit Score Needed & Approval Odds

NOTE: Chase doesn’t publish information on card approval odds or minimum credit scores needed. This article is based on information from past successful (and unsuccessful) Chase Sapphire Preferred® Card applicants, but no credit card approval is guaranteed.

The Chase Sapphire Preferred® Card is one of the strongest travel credit cards on the market, but it’s not necessarily easy to be approved for the card. In the card’s Pricing & Terms is this message: “If approved for an account, your credit access line will be at least $5000.” That means your credit history and credit score must be good enough to qualify for a minimum $5000 credit limit.

But what credit score is needed for the Chase Sapphire Preferred® Card? Below is our take on your approval odds based on credit score and other credit history factors (with length of credit history being especially important):

Chase Sapphire Preferred Card Credit Score Needed / Approval Odds

Your chances of approval for the Chase Sapphire Preferred® Card go up as your credit score goes up, and also as the length of your credit history gets longer. In general, you’ll probably need at least a 700 credit score and at least a year or more of experience with a previous credit card or cards (preferably at least one with a $1000 credit limit or more) to have a chance at approval, though we sometimes hear of people that have gotten approval with less. Our take on your approval odds under different scenarios:

  • If you have at least one year of credit history and a credit score over 750, your chances of being approved for the Chase Sapphire Preferred® Card are high. Probably 75% of applicants would be approved with those qualifications. If you have greater than two years of credit history and a 750+ score, your chances are probably closer to 85%-90%.
  • If you’re between a 720 and 749 credit score and have at least a year of history with a previous credit card, your chances are still good for approval, with perhaps 65% of such applicants being approved. Again, your chances will be better with over two years of credit history; that would likely bump your odds to around 70%-75%.
  • If your score is in the 700-719 range and you have at least a year of history with a previous credit card, your approval odds are only 50-50. With over two years of credit history, your chances at this credit score level would increase to around 65%.
  • If your score is 675-699, you still have a bit of hope, but your odds of approval are 25% at best. If your recent credit history is spotless, and you have not applied for any other cards in the last 6 months, and you have higher income (over $75,000), those factors could tip the scales in your favor. But your best bet is to wait until you’ve achieved a 700 score before you apply.

It’s Not Only About Credit Score

Note that your credit score is not the only factor in determining your odds of being approved for the Chase Sapphire Preferred® Card. As touched on above, factors such as income, the number of recent new card accounts opened, credit card utilization ratio (the balances on your current credit cards in relation to your overall available credit), and other measures could be looked at more closely in deciding on your application.

Note also that Chase has an unspoken “5/24 rule” that says Chase almost never approves applicants who have already been approved for 5 credit cards or more in the last 24 months. (That’s 5 cards from any card issuer, not just Chase.)

Good luck on your approval for the Chase Sapphire Preferred® Card!


Author: Adam Jusko